News
FSP: CEB twisting stats to help advance govt. agenda

Even if the Ceylon Electricity Board (CEB) had not increased the tariff in October 2023, it would have made a profit of 40 billion rupees, Education Secretary of the Frontline Socialist Party (FSP), Pubudu Jayagoda said.
He added that the CEB can give a tariff reduction of 33 percent this year, given that it made a profit of 50 billion rupees in 2023 and because the estimates it has come up for 2024 are faulty.
“In response, the Minister of Power and Energy said that the CEB is making a profit and that he plans to distribute a part of the profit to the people. However, according to the laws that govern the CEB, this is an institution that should not determine prices in order to make a profit. The laws say that tariffs should be determined to cover costs in a just manner.”
Jayagoda said the CEB has determined that energy cost of generating electricity will be 351 billion rupees in 2024. This number was significantly lower in 2023, i.e., by 85 billion rupees. In 2023, the maintenance costs of power plants was 19.9 billion rupees. This has increased to 81 billion rupees for 2024. If we look at the distribution cost, it was 62 billion in 2023. In 2024, it will be 133 billion rupees.
“In 2023, the CEB had spent 21 billion rupees on salaries. This year, the salary bill is 43 billion rupees. All the data I have quoted is from a report the CEB sent to the Public Utilities Commission of Sri Lanka (PUCSL). How can the salaries double? There is no decision on a salary hike or bonuses by the government,” he said.
Jayagoda said that these numbers are used by the CEB to calculate the cost of production. Even if the salaries of all CEB workers are doubled, the estimated cost of salaries would be 42 billion rupees.
“Obviously, this kind of mammoth pay hike doesn’t take place anywhere. Why have they exaggerated numbers like this? It is obvious that the government wants to exaggerate the cost of production, increase tariffs and make a huge profit.”
Jayagoda said that last year, close to a million households have had their electricity disconnected. He said that there is a long-standing debate on whether electricity should be made a profit-making business or whether it is for public good.
“We can’t think of electricity supply from a business perspective alone. Now, electricity is a mainstay of daily life, and states provide electricity at a concessionary rate because it boosts productivity and quality of life. Imagine what a devastating impact the disconnection of electricity must have had on families,” the FSP Education Secretary asked.
In the last two years, 19,000 SMEs, too, have seen the power supply discontinued. The Minister of Power and Energy states that he has made the CEB profitable, but when one looks at the economy as a whole, the overall economy has suffered.
“The high electricity costs make our products less competitive, both domestically and internationally. I think we all agree that we need to boost our exports. How can we do that when electricity tariffs are this high?”
Jayagoda said that in the report to PUCSL, the CEB calculated finance cost for 2024 has gone up by 18 percent compared to 2023. This is not possible because the interest rates have gone down consistently in 2023 and 2024. RK
News
Keheliya’s indictments delayed as time needed to print required annexures

The Colombo Permanent High Court Trial-at-Bar yesterday postponed the serving of indictments against former Health Minister Keheliya Rambukwella and others accused in the case involving the importation of substandard Human Immunoglobulin vials.
The three-judge bench granted the postponement following a request by Deputy Solicitor General Lakmini Girihagama, who informed the court that while the charge sheets have been filed, the required annexures are still pending.
According to DSG Girihagama, the Government Printer has indicated it will take approximately 21 days to complete and deliver the annexures necessary for proceedings to move forward.
The court agreed to the request and scheduled the case to be called again on 16 September, 2025.
News
Citizens group complains to CIABOC about financial mismanagement in USD 68 million project

The Citizens’ Power Against Bribery and Corruption organisation yesterday (11) filed a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), calling for an investigation into alleged corruption, fraud, and financial mismanagement during an agriculture project carried out by the Ministry of Agriculture, between 2018 and 2024, under US funding worth USD 68 million.
The complaint alleges irregularities in several initiatives under the project, including an illegal acquisition of 25 acres from the Galaboda Estate, in Nawalapitiya, under political influence, the launch of a chilli cultivation project at Galaboda, the initiation of a gas aliper project, a high-tech polytunnel project, with 75 tunnels for vegetable seed production in the Kandy District, a mango cultivation programme in Laggala, and the construction of a climate data centre in the Dambulla Wewa area.
CPABC, Jamuni Kamantha Tushara, along with other representatives, submitted the complaint.
By Sujeewa Thathsara ✍️
News
JAAF wants more tariff concessions from US as some regional competitors get better terms

The Joint Apparel Association Forum (JAAF) is calling on the government to push for further reductions in US tariffs on apparel exports, warning that regional competitors may secure more favourable terms.
Sri Lanka has already succeeded in bringing down an initial 44% tariff to 30%, but JAAF says this still places the country at a disadvantage, compared to rivals like India, which was offered a lower 26% rate from the outset.
“India’s position remains under discussion, but early signals suggest it may receive a more favourable rate than Sri Lanka,” JAAF said in a statement.
Vietnam, which has negotiated its tariff rate down to 20%, has also offered duty-free access to the US, market, while Bangladesh has initiated talks to reduce its current 35% rate. Cambodia, whose rate is only slightly higher than Sri Lanka’s, is also expected to seek concessions.
Full text of the statement: The announcement of a 30% reciprocal tariff by the US, scheduled to take effect from 1st August 2025, has raised significant concern within Sri Lanka’s apparel industry. As one of the country’s largest export earners, the sector relies heavily on access to the US market, and such a steep increase threatens to erode competitiveness, particularly when compared to regional peers.
JAAF notes that Vietnam has already concluded its negotiations and now faces a 20% tariff, while Bangladesh, though at 35%, has already begun negotiations with the US to secure a reduction.
India’s position remains under discussion, but early signals suggest it may receive a more favourable rate than Sri Lanka. In all likelihood Cambodia, another competitor with a tariff rate marginally higher than Sri Lanka will also be negotiating for a reduction.
“If the 30% tariff stands, we risk seeing a migration of US buyers to lower-tariff countries,” JAAF warned. “We strongly urge the Government to continue active engagement with the US Trade Representative (USTR) to secure a better deal for Sri Lanka.”
The reduction from 44 to 30% is a recognition of the good faith with which Sri Lanka has been having its dialogue with USTR and JAAF is encouraged by the Government’s comments today indicating that negotiations with USTR will continue with a sense of urgency ahead of the 1st August deadline when the 30% will become effective.
JAAF further stressed that a diplomatic resolution is vital to safeguarding jobs, sustaining market share, and reinforcing Sri Lanka’s position as a trusted partner in global apparel supply chains.
-
Features6 days ago
One of the finest foreign ministers the nation missed
-
News6 days ago
Cheap alms bowls imports hit Sri Lanka makers, monks
-
Latest News2 days ago
Search for survivors after Houthis sink second Red Sea cargo ship in a week
-
Features6 days ago
Going through Colombo Medical School
-
Sports5 days ago
Liverpool team join family of Diogo Jota, brother for funeral in Portugal
-
News6 days ago
Nestlé Lanka inspires environmental awareness through nationwide schools art competition
-
Business3 days ago
Maldives HC expresses deep concern over growing disconnect with Sri Lanka
-
Features5 days ago
Dr. Coomaraswamy underscores need to stick to PFMA, diligently follow IMF programme